Cisco

Cisco's second 2024 layoff: 5,600 jobs cut, shifts focus to AI growth

Earlier in the year, Cisco reduced its workforce by 4,000 employees in a previous round of layoffs that took place in February

Cisco cuts 7% of workforce, as it shifts focus to AI, cybersecurity

Cisco Systems is planning to lay off 7% of its employees, its second round of job cuts this year, as the company shifts its focus to more rapidly growing areas in technology, such as artificial intelligence and cybersecurity. The company based in San Jose, California, did not specify the number of jobs it is cutting. It had 84,900 employees as of July 2023. Based on that figure, the number of jobs cut would be about 5,900. In February, Cisco announced it would cut about 4,000 jobs. The networking equipment maker said in June that it would invest $1 billion in tech startups like Cohere, Mistral and Scale to develop reliable AI products. It recently also announced a partnership with Nvidia to develop infrastructure for AI systems. Cisco's layoffs come just two weeks after chipmaker Intel Corp announced it would cut about 15,000 jobs as it tries to turn its business around to compete with more successful rivals like Nvidia and AMD. Intel's quarterly earnings report disappointed investo

Cisco to lay off thousands more in second job cut this year: Report

Cisco, the largest maker of the routers and switches that direct internet traffic, has been grappling with sluggish demand and supply-chain constraints in its mainstay business

Amidst Chinese cyberattacks, Cisco to set up cybersecurity centre in Taiwan

Democratically governed Taiwan, which Beijing views as its own territory, has repeatedly complained of cyberattacks coming from China

Cisco launches $1 bn AI investment fund to develop reliable solutions

Cisco Investments, the corporate venture investment arm of Cisco, has launched a USD 1 billion global AI investment fund to drive the development of secure and reliable AI solutions. Cisco has already allocated nearly USD 200 million from the fund, in Cohere, Mistral AI, and Scale AI. "We believe we are well positioned to be the best strategic partner for our customers in the AI era as they look to build, secure, and power AI. "In addition to building essential technology to connect, secure and advance AI, Cisco is committed to investing in the broader AI ecosystem to more effectively meet our customers' needs," Mark Patterson, Chief Strategy Officer at Cisco, said. Cisco said it will collaborate with AI companies to co-innovate and offer a range of AI solutions, positioning itself as an agnostic provider and platform player to serve its global customer base with diverse options.

Will roll out products from Chennai plant by H2CY24: Cisco's Chittilapilly

India is among the top ten markets for Cisco globally and with the new manufacturing plant in Chennai, the country is gaining even more prominence

Cisco and Tata Communications partner to launch Webex Calling in India

The calls will be routed via Tata Communications' data centre in the Mumbai region, thereby helping organisations stay compliant with local regulations

Tech CEO of 19 firm gets 6-year sentence in US for counterfeit Cisco sales

The fake equipment compromised public and private sectors, including sensitive government systems used by the military

Hackers subverted security devices to spy on governments, says Cisco

In a statement, the company said it urged customers to take immediate action to update their software. It did not give further details on the breaches, which it said dated back to earlier this year

We will use GenAI across our portfolio to simplify experiences: Cisco Prez

Chittilapilly talks about the progress of the Chennai plant, small and medium businesses (SMBs), and trends in tech spending

Only 4% of firms in India have 'maturity' to tackle cyber threats: Cisco

82% of respondents said a cybersecurity incident is likely to disrupt their business in the next 12 to 24 months

Only 4% of companies in India 'mature' to tackle cyber threats: Study

71% plan to upgrade their IT infrastructure in one to two years, says Cisco's 2024 Cybersecurity Readiness Index

Cisco signs agreement with Karnataka govt to train 40,000 in cybersecurity

Women will represent half of the trained workforce to help meet the growing need for such skills

Cisco latest firm to announce job cuts; 2024 tech layoff tally hits 35,000

US firm Cisco system said that it's been hit by a temporary "pause" in orders from customers who are busy installing equipment they've already acquired

Companies cautious about GenAI over data privacy, security: Report

92% companies in India recognise customers want adequate protection of their data: Cisco survey

CISCO, NAMTECH enter tie-up to impart training in cybersecurity, AI

Global tech company CISCO has partnered with NAMTECH -- an initiative backed by steel maker AMNS India -- to impart training in areas like cybersecurity and Artificial Intelligence (AI) for the manufacturing industry. The agreement?, which was signed at the Vibrant Gujarat Global Summit 2024 in Gandhinagar, aims to build a talent pipeline comprising more than 5,000 engineers and technicians over the next five years. There is a growing demand for skilled professionals in cybersecurity and networking, especially for manufacturing entities looking to accelerate digital transformation towards the adoption of Industry 4.0 technologies, New Age Makers Institute of Technology (NAMTECH) said in a statement on Friday. "NAMTECH and Cisco have signed a Memorandum of Understanding (MoU) to create academic programme focused on developing cybersecurity, networking, and AI experiential learning and training modules for the manufacturing industry," it said. NAMTECH Director General Arun Kumar Pill

India at pivotal moment in its history: Cisco Chairman Emeritus Chambers

India is at a pivotal moment in its history and will partner the US in innovation and job creation, Chairman Emeritus of US network gear maker Cisco John T Chambers said on Thursday. "India will keep tracking towards ultimately becoming the number one economy in the world," Chambers said in a post on LinkedIn. Chambers said India is at a pivotal moment in its history and will drive growth and opportunity in the years to come. "The US and India will become the most strategic partnership in the world, driving global innovation and job creation at an accelerating pace," he added. Chambers said these opportunities and growth will be driven by initiatives like Digital and AI India, as well as India's eagerness and openness to build collaborative, strategic partnerships with the US and other key global players. Earlier this month, S&P Global Ratings had said India will be the world's third-largest economy by 2030. The US-based rating agency had said it expects India to be the fastest .

63% people believe digital services are crucial in holidays: Cisco

As many as 35 per cent of Indians would be angry if apps fail, said the survey done among 12,000 people in multiple countries

Only 26% of firms surveyed in India prepared to deploy, leverage AI: Study

Just 26 per cent of organisations surveyed in India are fully prepared to deploy and leverage artificial intelligence-powered technologies, according to the latest report by Cisco. According to Cisco's inaugural AI Readiness Index released on Thursday, Indian firms are taking proactive measures to prepare for an AI-centric future. The report surveyed over 8,000 global companies. The index was developed in response to the accelerating adoption of AI, a generational shift that is impacting business and daily life. Only 26 per cent of organisations in India are fully prepared to deploy and leverage AI-powered technologies, said a release citing the findings. While AI adoption has been slowly progressing for decades, the advancements in generative AI, coupled with public availability in the past year, are driving greater attention to the challenges, changes and new possibilities posed by the technology. "While 93 per cent of respondents believe AI will have a significant impact on th

Only 26% of organisations in India are prepared to deploy AI: Cisco Study

Ninety-five per cent of businesses globally are aware that AI will increase infrastructure workloads